Sweden holds the title of the largest consumer market in the Nordic region with a population of approximately 10.4 million. Naturally, Sweden boasts a strong food and drinks industry, which is a significant player in the European Union since its accession in 1995. In 2021, the market boasted a value of USD 32.3 billion and experienced a notable growth of 14.8% compared to the previous year.
Meat dominates the product categories with a substantial share of 20%, closely followed by dairy products and eggs at 17.3%, and confectionery and snacks at 13.6%. Over the period from 2016 to 2021, the most rapidly expanding categories were Oils and Fats, which witnessed a dramatic increase of 31%, Spreads and Sweeteners with a 30% surge, and Sauces and Spices growing by 27%. Sweden, due to its northern location and relatively short growing season, heavily relies on imports for its food needs. In 2021, total imports of agricultural and related products amounted to USD 22.848 billion. Key imports include items not produced locally, such as citrus fruit, nuts, coffee, tea, cocoa, spices, condiments, wine, oils and fats, chocolate, confectionery, cheese, and beverages.
The country engages in extensive trade with other European nations, with Germany, Denmark, Netherlands, Italy and France standing out as top partner countries for food product imports in 2020 according to World Integrated Trade Solutions. This interconnectedness highlights the reliance on European neighbors as primary entry points for raw materials into the continent. The food industry’s growth and market dynamics showcase the expansion of Sweden’s food and drinks sector, influenced by both domestic production and international trade relationships. As the nation continues to integrate into global markets, these trends are expected to shape the future of Sweden's food and drinks sector, fostering innovation and diverse culinary experiences for its consumers.